Anfield Energy (TSE:AEC) has released an update.
Anfield Energy Inc. has renegotiated the terms of its credit facility to facilitate the acquisition of Department of Energy leases in Colorado, providing them with more corporate transaction flexibility and reduced working capital requirements. As part of the agreement, Anfield will issue 4 million warrants to the credit facility agent, Extract Advisors LLC, with each warrant allowing the purchase of one common share at $0.095 until 2028, pending TSX Venture Exchange approval.
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